3:10 p.m. ET – This is it! Six-lap shootout for all the glory. Ryan Hunter-Reay leads the field back to green. Helio Castroneves, Marco Andretti, Carlos Munoz, Juan Pablo Montoya and Kurt Busch are your top six.

3:05 p.m. ET — Twitter is buzzing under this red flag. Fans and drivers alike are on the edge of their seat as pressure builds.

Who do you all want to win it? I think it’s RHR or Helio, would be great either way. RHR is a great guy, and Helio a 4 time champ wld b cool

2:55 p.m. ET — RED FLAG – Townsend Bell crashes on exit of Turn 2 after his car snaps loose, much like Dixon’s did earlier. Driver OK but his car is destroyed. IndyCar officials have elected to red flag the race as they clean up the debris from Bell’s crash and fix the SAFER barrier.

2:53 p.m. ET – 11 laps to go in the 98th running of the Indianapolis 500. Ryan Hunter-Reay and Helio Castroneves swapping the lead as the race winds down. If either driver makes a mistake, Marco Andretti is ready to pounce in third.

2:40 p.m. ET – Restart with 25 to go. Ryan Hunter-Reay leads into Turn 1 as they crash behind him! James Hinchcliffe and Ed Carpenter slam into the outside wall after making contact. Both drivers are OK but their races are done.

James Hinchcliffe and Ed Carpenter crash into the first turn wall following a restart. (Photo: LAT Photographic)

2:35 p.m. ET – While slowing for the caution, Martin Plowman ran into the back of Josef Newgarden causing heavy damage to Newgarden’s and forcing him out of the race. Meanwhile, Plowman pits for repairs but is two laps down in 26th.

2:23 p.m. ET – In his first career IndyCar start, Kurt Busch is running ninth with 39 laps to go. The team continues to add more downforce to make Busch feel more comfortable in the car. We could see the #DoubleOutlaw fighting for an Indy 500 win before this is all over.

2:15 p.m. – Ed Carpenter stayed out under the caution and will lead the field back to green with 43 laps to go. Ryan Hunter-Reay, Marco Andretti, Scott Dixon and Helio Castroneves run in the top five.

2:09 p.m. ET — CAUTION at Lap 150! Charlie Kimball spins on exit of Turn 2 and makes contact with the wall. Light damage to the car. This comes as a huge break for Juan Pablo Montoya and Will Power, who will now get back on the lead lap.

2:00 p.m. ET — Bad news if your a Penske Racing fan. Juan Pablo Montoya and teammate Will Power have been issued pass through penalties for speeding on pit road, dropping them to 14th and 18th, respectively. Both drivers are now a lap down. Unless there’s a caution, Helio Castroneves will have to carry the banner for Penske.

1:48 p.m. ET – The Indianapolis 500 has never went green from start to finish. We could see it today as we’re green so far working Lap 120 of 200.

1:40 p.m. ET – Graham Rahal, driver of the No. 15 National Guard car for RLL Racing, was forced to retire earlier in the race due to electrical issues. Graham, the son of 1986 Indy 500 champion Bobby Rahal, hasn’t found the same success at Indy as his father did.

Some days it’s just not your day. If anyone has some luck we can borrow please let us. Electrical gremlins haunted us all day, and ended it. — Graham Rahal (@GrahamRahal) May 25, 2014

I am proud to be surrounded by a great team, and a great sponsor in @NationalGuard. We will come back, and we will be stronger. — Graham Rahal (@GrahamRahal) May 25, 2014

1:33 p.m. ET — HALFWAY – Ryan Hunter-Reay takes over the lead to become the third Andretti Autosport to lead the race. Helio Castroneves runs second but feels confident, citing that his car is strong in traffic. One thing to watch as the race continues is fuel strategy. 2000 Indy 500 champion Juan Pablo Montoya appears to be doing the best on fuel and may only need to stop two more times while the leaders will likely have to stop three more times.

1:25 p.m. ET – Three-time Indy 500 champion Helio Castroneves has controlled the race since the last round of stops. He leads from Ed Carpenter, Ryan Hunter-Reay, Marco Andretti and Scott Dixon as we work Lap 85. Expect the leaders to pit in about 12-15 laps.

1:10 p.m. ET – Disaster for defending race winner Tony Kanaan. Team is working on an issue in the rear-end of the No. 10 Chip Ganassi Racing entry. Any shot at repeating last year’s triumph has been wiped away for Kanaan.

12:45 p.m. ET – First round of pit stops underway at Lap 30, which is a normal fuel run here at Indianapolis Motor Speedway. Hinchcliffe’s Andretti Autosport crew pulled off a stellar pit stop to put their driver back in the lead. Carpenter runs in second ahead of Will Power, Helio Castroneves and JR Hildebrand.

12:35 p.m. ET – James Hinchcliffe, who suffered a concussion two weeks ago after being hit by debris in the Grand Prix of Indy, led the first nine laps before losing the lead to pole-sitter Ed Carpenter. Kurt Busch dropped back to 15th at the start as he adjusts to his back-up car.

Hometown favorite Ed Carpenter lost the lead on the start but is back in charge at Lap 10. (Photo: Getty Images)

12:18 p.m. ET – Kurt Busch will become the first driver in a decade to attempt the double. He starts 12th in the Indy 500 and will fly back to Charlotte, N.C. after the race to compete in the Coca-Cola 600.

11:50 a.m. ET – Last year’s Indy 500 saw a record-shattering 68 lead changes and unbelievable battles all throughout the race. Take a look back at the highlights before we go green today: 11:41 a.m. ET – Driver introductions are underway.

11:40 a.m. ET – We have a new leader for “cutest photo of the day.” Here is Ryan Hunter-Reay with his baby Ryden.

Start Time: Mari Hulman George, matriarch of the family that owns Indianapolis Motor Speedway, will give the command for drivers to start their engines at 12:11 p.m. ET. The green flag will be waved 12:17 p.m. ET by Dallas Mavericks owner Mark Cuban.

Race Distance: The 33-car field will race 200 laps around the 2.5-mile track equaling 500 miles. There is no overtime (or green-white-checkered as it’s known in NASCAR).

Weather: It is expected to be in the high-70s at the start of the race and could range to the low-80s by race end. There is 0% chance of rain.